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Blanket Project
Blanket
Country
Zimbabwe
Close to
Gwanda
Status
PRODUCTION
Latitude / Longitude
21 S 0 / 28 E 39
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Risk and valuation analysis of the Blanket Project
Status Risk : Production
Country Risk : Very High
Resource Risk : 53.00%
In situ value
1,290,876,940 $
Title(s) of the Blanket Project
Caledonia Mining Corporation
Owner: 100%
Title
Company Profile
All Projects
Company website
Company project page
Blanket Mine is a wholly Caledonia owned and operated property having been acquired from Kinross Gold Corporation in June 2006.
Location of the Blanket Project
Located in the southwestern end of Zimbabwe. The mine is 560kms from Harare, the capital city and 150kms from Bulawayo, the country’s second largest city. Gwanda town, the provincial capital of Matabeleland South, the province in which Blanket Mine is located, is 16kms from the mine.
History of the Blanket Project
The mine has been producing gold since the time of the ancients. However notable production started at the beginning of the 20th century. Early workers tended to pick the native gold "eyes" of the pay shoots. Notable production milestones were at the
more...
Geology of the Blanket Project
The geology consists of a basal felsic unit of no known mineralisation presence. It is generally on this lithology type that the various tailings disposal sites are located. Above this unit is the ultramafics that include the banded iron formations h
more...
Reserves and resources of the Blanket Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Proven
1,301,000
3.84
160 620
Probable
2,332,000
3.74
280 409
Proven and Probable
3,633,000
3.78
441 029
Indicated
520,300
3.79
63 399
Mesured and Indicated
520,300
3.79
63 399
Inferred
2,519,800
5.27
426 941
Total
6 673 100
931 369
Definitions
Reserves and resources of the Blanket Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
931 369
160 620
280 409
441 029
63 399
63 399
426 941
oz
1 285 884 804 US$
Production history
Metal
2010
GOLD (oz)
7,967
Exploration and drilling
5/24/2012
Indigenisation Update: Transfer of a Further 20% of Blanket ...
8/19/2011
Update on Indigenisation at the Blanket Mine in Zimbabwe
1/24/2011
January 2011 Shareholder Update
10/21/2010
Announces the Commissioning of the No. 4 Shaft Project
6/14/2010
Commissions the First Standby Generator at Blanket Gold Mine...
5/6/2010
Installing a Standby Generator at Blanket Gold Mine in Zimba...
11/10/2009
Blanket Mine Awarded Exporter of the Year
5/7/2009
Blanket Mine Commences Production and Export of Gold
4/3/2009
Imminent Resumption of Gold Mining at the Blanket Gold
8/14/2007
Blanket Mine resumes underground operations after shaft expa...
Location
Data last updated on : 12/31/2007
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Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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